Wall Street edges lower ahead of this week’s Fed meeting WSOC TV [Video]

NEW YORK — (AP) — U.S. stocks are edging lower Monday ahead of a week with several top-tier reports on inflation due, as well as the Federal Reserve’s latest meeting on interest rates.

The S&P 500 was 0.2% lower in early trading, still close to its record set last week. The Dow Jones Industrial Average was down 74 points, or 0.2%, as of 9:37 a.m. Eastern time, and the Nasdaq composite was 0.2% lower.

Huntington Bancshares dropped 4.5% to one of the market’s larger losses after it cut its forecast for a key component of profit this year.

Diamond Offshore Drilling jumped 8.5% after Noble agreed to buy its rival in a cash-and-stock deal valued at roughly $1.6 billion. Noble added 1.5% in a signal that traders expect the combination to be a winner.

Apple was drifting 0.3% lower ahead of a conference where analysts expect it to offer detailsabout its moves into artificial-intelligence technology. A furor around AI broadly on Wall Street has helped …